London Stock Exchange launches first transaction under new private share platform

London Stock Exchange launches first transaction under new private share platform

Feb 20 (Reuters) – London Stock Exchange on Friday launched its first transaction under the UK financial regulator’s new PISCES framework ​that allows investors to trade shares ‌in private companies. The transaction involved the creation of an exchange-enabled investment structure, or a TPEIC, that will hold shares in Oxford Science Enterprises – an Oxford University-linked ‌investment ​firm – and facilitate trading ⁠through structured auctions …

First Asset Debuts on LSE’s Private Securities Market

First asset launched on LSE’s Private Securities Market under the FCA’s PISCES framework, with a TPEIC holding secondary shares in Oxford Science Enterprises (OSE) This structure enables exchange-based secondary liquidity in private markets The first transaction under the FCA’s PISCES framework is being launched on the London Stock Exchange’s Private Securities Market through a TPEIC (pronounced “T-Pick”), an exchange-enabled independent investm…

London Stock Exchange confirms first firm on Pisces framework

A vehicle containing shares in a £1.3bn venture capital firm that backs tech spin-outs from Oxford University will be the first organisation to use the the new Pisces private stock market, the London Stock Exchange has said. The UK’s flagship capital markets operator confirmed that shares in Oxford Science Enterprises, an early-stage VC fund best known for investing in quantum computing trailblazer Oxford Ionics, will be the first to trade on it…

PISCES preps for first private equity auction to the public - Global Trading

The first asset has been launched on a Private Intermittent Securities and Capital Exchange System (PISCES) platform, months after the Financial Conduct Authority (FCA) expected trades to go live. Tradable Private Equity (TPE) will use the London Stock Exchange’s Private Securities Market (PSM) for its first permissioned auction. The trade will take place through an exchange-enabled independent investment structure (TPEIC) holding shares in inve…